to break down how this extra funding plays into the american economy, earlier today i spoke to rebecca jarvis. rebecca, as we just heard, that extra $600 is the difference between making it and not. put into perspective how the money helps families and the economy. >> right now, we're in the midst of a global pandemic where there's this gigantic hole in our economy. but because of these checks and the stimulus checks that have been put in the pockets of americans, people are spending some money. and that's important. our consumer spending accounts for 70% of our economic behavior. our economy. and whether it's doing well and adding jobs or not doing well and subtracting jobs. as the money moves, it's like the grease in the skids of the economy. it keeps the economy moving as well. >> explain how this new proposal is different. >> right now, what expires as of july 31st is that additional $600 benefit. if you're unemployed, you still get the benefits from your state and local government, but you won't get the federal amount of money. the new proposal says the new amount would be $200, instead

>> rebecca jarvis for us tonight. rebecca, thank you. >>> house speaker nancy pelosi is calling for tougher sanctions on russia, after a classified briefing on reported russian payments to the taliban for killing u.s. troops in afghanistan. intelligence officials, including the cia director, briefed pelosi and the so-called gang of eight, the top leaders from the house, senate and intelligence committees. the white house maintains that the intelligence never rose to the level of a formal presidential briefing. president trump has called it a hoax. pelosi called that a con, contending the president should have been verbally briefed. >>> next, to that armed confrontation in a michigan parking lot. it allegedly began with a physical bump at a restaurant entrance, then escalating to an angry exchange with accusations of racism and finally, a weapon appeared. abc's alex perez with the incident and that video. >> she got the gun on me. >> reporter: tonight, after this disturbing video showing a white woman pointing a gun at

rebecca jarvis on where this stands tonight. >>> the chaos in portland, oregon, and now the mayor tear gassed by federal officers during a protest. the mayor now calling it flatout urban warfare. and the use of force is now under investigation by the justice department watchdog, as president trump says he's preparing to send federal officers into other cities. >>> the moment on the house floor that made immediate news today. congresswoman alexandria ocasio-cortez taking on a male lawmaker who confronted her. a witness saying he used vulgar expletives. tonight, his words, his apology, saying he's a husband and has daughters. and what she said in response, that having a daughter does not make a m involving hand sanitizers. at least 75 products sold at major stores including walmart and costco. the sanitizers may contain toxic levels of a chemical, and what you need to know. >>> we're also tracking potentially dangerous storms moving through the northeast as we come on. and three tropical systems tonight approaching the u.s. the new images from the hurricane hunters in tonight. >>> good e

rebecca jarvis has more on this for us. good morning, rebecca. >> reporter: good morning, robin. this was a massive attack. the first of its kind, a coordinated attack targeting some of the biggest accounts on twitter, those of joe biden, elon musk, bill gates, barack obama and kanye west among others, all sending to their followers via the hackers, a note to send money, send bitcoin. the fbi warning this was a scam, perpetrated by some hackers out there. this is part of a hoax and not to fall for it. those tweets have since been deleted overnight. twitter shut down the biggest accounts, those with a blue checkmark, and investigated the scam. they believe that it has been ended but they also believe that there could be potentially more malicious activity and they continue to investigate that. michael, this is a reminder not to believe everything that you read on social media. michael. >> absolutely. if it's on social media it does not make it true. all right. thank you, rebecca. >>> also this morning, some good news for supreme court justice ruth bader ginsburg. she was hospitali

here's abc's rebecca jarvis. >> reporter: if you missed those fourth of july sales, don't worry. rolls on, so do the savings. from home depot -- >> get summer savings at the home depot. >> reporter: to google. >> google presents "the daily special," a whole month of daily deals. >> reporter: retailers offering deals all month. as many brands try to unload excess inventory from the covid-19 shutdown, consumers should be on the lookout for extra discounts through the end of the year. kicking off a week from today, another huge savings event, rebound with retail me not. more than 100 brands, including best buy, sephora, and nike, offering exclusive deals and up to 20% cash back. overstock one of those brands offering the 20% back. spend $99 on this new wave air fryer and get $19 back. and 16% back at bass pro shops. buy this yeti cooler for $249 and pocket about $39. to take advantage of the four-day sale, head to retailmenot.com to find a list of event promotions, and to score cash back, create a free profile. shoppers can expect that money after 45 days through paypal or venmo. >>

rebecca jarvis is here with more on this. rebecca, good morning to you.u say it's a positive whether you're trying to buy, sell or even refinance that home mortgage so if you think about it the average 30-year fixed rate mortgage is and for people out there who are thinking what does this mean for me in real terms? if you're trying to purchase a home, for every 1% decrease, in your mortgage rate, the total cost of the home to you goes down about 10%, cecilia. >> you say, though, this smite sound tempting but not everyone -- might sound tempting, but not everyone should run and try to buy this house? >> reporter: very important to consider here. first of all, the same things apply no matter what time it is. you have to have a secure job. you want to make sure those mortgage payments, those monthly mortgage payments are below 28% of your monthly income and finally, you want to know that you're planning to stay in that home for at least five or more years and keep in mind, this is a very uncertain period as far as unemployment, we have record unemployment in

our chief business correspondent rebecca jarvis has the details. od morning, rebecca. >> reporter: good morning, george. that's right. as you say, this has been a lifeline for all those businesses in america with fewer than 500 employees. more than 4.8 million of them have taken advantage of the program, but there's still $130 billion left in it and as we've reported here anecdotally, a number of minority run and female led businesses have struggled to gain access to the program which was set to expire overnight. this extension will now make it available until august 8th. robin. >> all right, rebecca. thank you. >>> now to my home state of mississippi with that historic and for many long awaited change. governor tate reeves signing the bill last night to officially remove the confederate emblem from the state's flag. that was first introduced in 1894. the governor saying, quote, a flag is a symbol of our present, of our people and of our future. for those reasons we need a new symbol. a commission will design a new flag to be voted on in the fall. g

rebecca jarvis has more. >> reporter: workers across the country facing economic whiplash this morningth coronavirus cases on the rise in 38 states, many governors rolling back re-opening plans. employers cutting jobs once again, sending employees who just returned back to the unemployment line. >> i got furloughed with almost no notice. this second round i think will be more stressful. >> reporter: in arizona, one of many states reversing course in the face of an outbreak, cal duncan made the tough call to close his indoor market. >> so we're laying off about 28 people. it was going to be a risk of losing more money trying to be open during this, exposing people for the amount of revenue we're getting. it did not make sense or feel right. >> reporter: the mounting pressures renewing calls for additional help. congress extending the so-called paycheck protection program, a lifeline to small businesses, through august 8th. economists believe today's jobs report will show that anywhere between 1 million and 7 million workers were rehired in the month of june, but it's less certain about

here's abc's rebecca jarvis. >> reporter: with the fourth of july around the corner, some retailers rolling out their hottest summer deals early. sites like overstock.com already offering up to 70% off site-wide. shoppers can expect to see some of the biggest savings on apparel, appliances, mattresses, and furniture. >> this year, we're not only seeing summer merchandise go on sale, but we're also seeing spring merchandise go on sale. >> reporter: mattress firm is offering up to $500 off king mattresses and up to $300 off queens. lowe's and best buy slashing prices on appliances up to 40% off. at oldnavy.com, you can get up to 60% off site-wide. for those looking to host socially distant barbecues, patio furniture up to 60% off on wayfair.com. after cases of covid-19 soared, stores closed, leaving pediatric brick and mortars with a lot of extra merchandise. now, as businesses reopen, retailers are looking to make room for fall inventory. and some consumers are ready to spend. retailmenot says shoppers still plan on spending as much as $500 this july. >> thank you, rebecca. we've got to tell

it's a story that we first saw in "the wall street journal" and our chief business correspondent rebecca jarvisreporter: good morning, robin. i miss seeing you in those six-inch heels. but a lot of us can relate to this idea that we feel so very fortunate for the work from home flexibility. i love to be able to see my daughter and my husband. but as google is now saying that its more than 200,000 employees can work from home through nexts lyjurk this remote bandwagon, some are beginning to question whether it's really all its cracked up to be. for roya, starting a new job at a nonprofit during a global pandemic while working remotely is at times a struggle. >> building any sort of relationship with my co-workers is kind of difficult right now. i've never seen any of them in person. i don't even know where our office building is. >> reporter: with major tech companies switching their workforce to full-time remote employees leading some to wonder whether work from home is actually working. >> for the first several months i think we all lived all the adrenaline adrenaline of that. that adrenaline

it's a story we first saw in "the wall street journal" and rebecca jarvis has the details i know a lotmber of families and students are successfully negotiating that tuition today. you can appeal that financial aid package. you just have to know how. when david vogel's son ryan was accepted to the university of pittsburgh first came the excitement and then the uncertainty. >> he's really looking forward to this next chapter in his life and going to college and he had been in july right now and my son is supposed to go to school in august. we still don't know what that will look like. >> reporter: he's not alone. across the country as universities grapple with how and if to re-open this fall, about the only thing that's clear is the hefty price tag. the average cost of tuition for a four-year degree at a public school over $41,000 in-state and over $107,000 out. but that doesn't necessarily mean you'll have to pay it. >> i think families are in a particularly good position to negotiate the amount of their tuition for this upcoming school year because colleges are anxious about filling t